Articles about Ransomware

South Carolina government eyes a porn block on new computers

On a day that we expect to see the repeal of North Carolina's controversial passage of House Bill 2, which cost the state millions of dollars in lost revenue thanks to performers cancelling concerts, businesses moving out and the NBA changing the venue for its All-Star game, we have one more state looking for a problem where one doesn't exist.

A representative in the state of South Carolina wishes to place a porn block on all new computers sold within its boundaries.

Continue reading

Ransomware gets into the Christmas spirit with a festive discount

Christmas is a time of goodwill and it seems that the people behind the CryptXXX ransomware aren't immune as they're offering a seasonal discount for victims who intend to pay up.

Researchers at data security company Forcepoint have discovered that where previously, victims infected with CryptXXX, also known as UltraCrypter were asked for a payment of 1.2 Bitcoin, in keeping with the season of goodwill, the cyber criminals are now offering decryption at a Christmas discount.

Continue reading

70 percent of businesses are willing to pay up for ransomware

Cloud money

We've already seen this week that ransomware is an increasingly popular attack method. The fact that it's a profitable activity for cyber criminals is underlined today by a new report from IBM Security which reveals that 70 percent of businesses pay up to regain access to their data.

This puts criminals on target to make nearly $1 billion in 2016 from their use of the malware. Indeed, the report shows that ransomware made up nearly 40 percent of all spam e-mails sent in 2016, up from less than 0.6 percent in the previous year.

Continue reading

November saw a spike in ransomware attacks

ransomware cash

Ransomware remains a major threat with attacks using Locky and Cryptowall both increasing by 10 percent in November compared with the previous month.

The latest report from threat prevention specialist Check Point based on its Global Threat Index shows the number of active malware families and number of attacks remain close to an all-time high thanks to continued relentless attacks on business networks.

Continue reading

Popcorn Time ransomware asks victims to infect other computers to decrypt their own files

Ransomware is the malware du jour and those seeking to extract money from victims have started to use a pyramid scheme system to increase the rate of infection. Not content with encrypting a victim's files and holding them to ransom, the Popcorn Time ransomware encourages those who have been struck to pass on the infection.

As is the norm with ransomware, Popcorn Time gives the victim the chance to pay a Bitcoin ransom to decrypt their files, but it also offers a self-described "nasty way" to unlock files for free. Think of it as a ransomware referral scheme.

Continue reading

Fighting ransomware in the cloud

Ransomware skull

A recent survey of 500 businesses revealed that nearly half were brought to a standstill by a ransomware attack within the last 12 months. Ransomware is malware that installs covertly on a victim's computer, executes a crypto-virology attack that adversely affects it, and demands a ransom payment to decrypt it or to not publish it.

There has been more and more documented evidence that ransomware is on the rise, particularly in the UK. It's being used as a sort of testing ground to the point whereby ransomware has become the number one threat facing British organizations in 2016.

Continue reading

The big security problems in 2017

looking ahead

If there’s one thing you can say with certainty about cyber-security in 2017, it’s that many companies are going to fail because they are simply not doing the right thing. Fundamental flaws still exist.

Until the technical people lift their heads up and see that security and business are different sides of the same coin, we will inevitably see more damaging attacks. When security people learn to speak in the language of business they will begin to understand just where in the organization they need to apply their expertise.

Continue reading

Defeat ransomware with Avast's free decryptors

Ransomware is probably the most malicious form of malware, and if you’ve been hit by it, the effects can be devastating.

You have two choices -- either pay the ransom in the hope your files will be released (not a given by any means), or try to find a way around the problem. If you have a backup of your personal files then you can simply wipe your system, and start over. If you don’t then, a ransomware decryption tool might save the day.

Continue reading

Ransomware attacks to decrease in 2017

Cash for ransomware

Ransomware is expected to deflate a bit next year, but hackers won’t be resting on their laurels, that’s for sure. Instead, they might just move to dronejacking, for a "variety of criminal or hacktivist purposes".

This is according to McAfee Labs, whose new report, the McAfee Labs 2017 Threats Predictions Report, identifies 14 cyber-security trends to watch in 2017.

Continue reading

If you're going to San Francisco be sure to travel free with ransomware

Ransomware

The Muni public transport system in San Francisco has been hit by a major ransomware attack over the weekend that left the network having to give passengers free travel.

It's estimated that around 2,000 systems have been affected by the attack, which began on Friday, including ticket machines, servers and Windows workstations.

Continue reading

Almost half of businesses have suffered a ransomware attack in the last year

A new survey of over 500 businesses in the US, UK, France and Germany shows that in the last 12 months, 48 percent have fallen victim to a ransomware campaign, with 81 percent having suffered three or more attacks.

The study from endpoint security company SentinelOne reveals employee information (42 percent), financial data (41 percent) and customer information (40 percent) are the types of data most often affected by these attacks.

Continue reading

How storage can help fight malware [Q&A]

Disk backup

We tend to think of storage as being a target when it comes to malware attacks with cyber criminals seeking to steal data or encrypt it to demand a ransom. But in fact technology can make storage part of the solution.

Hybrid storage specialist Reduxio believes innovative storage can be used to fight and defeat ransomware and malware. We spoke to Reduxio's Jacob Cherian (VP of product strategy) and Mike Grandinetti (chief marketing and corporate strategy officer) to find out how.

Continue reading

Malicious spam levels hit two year high

malicious spam

A new report from Kaspersky Lab reveals that its products blocked 73,066,751 attempts to attack users with malicious attachments during the third quarter of this year.

This represents the largest amount of malicious spam since the beginning of 2014 and is a 37 percent increase compared to the previous quarter. The majority of the blocked attachments were ransomware trojan downloaders.

Continue reading

Cerber ransomware now targets databases

Ransomware

Security company McAfee warns that the cybercriminals behind the Cerber ransomware have begun to target businesses as well as individuals by encrypting their databases until payment is received.

During July, those responsible for Cerber launched over 160 campaigns at 150,000 users. These attacks generated $195,000 in that month -- of which the developer behind the ransomware received $78,000. Overall it is estimated that creating and using ransomware to launch cyberattacks earns the creators of the malware and those who employ it in their attacks around $1 million to $2.5 million a year. The infosec firm Trustwave noted in 2015 that a ransomware creator could earn up to $84,000 a month just by selling their malware on the dark web.

Continue reading

Kaspersky tells ransomware victims not to pay up

If your organization ever gets infected by ransomware (and there are good chances it will) it is better not to pay up because you probably won’t get your data back, even if you do pay the ransom.

This is according to a new report by security firm Kaspersky Lab, which urges organizations to instead report the incident to the authorities. It bases its conclusions on a couple of research results -- more than a third (36 percent) of organizations pay the ransom, but around 20 percent still don’t get their files back.

Continue reading

© 1998-2025 BetaNews, Inc. All Rights Reserved. Privacy Policy - Cookie Policy.